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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Scotch Plains at 1 Frances Ln, Scotch Plains, NJ, 07076 priced at $1,548,000 converts $8,214/mo rent into after a $7,577/mo obligation. Total monthly income equals $8,214/mo. Return on cash invested prints 13.62% in year one, and rental yield reads 6.37% against a $1,548,000 entry. Equity gained on principal adds $9,989/yr, while 5% annual appreciation compiles into $427,684 by year five. Five-year ROI reaches 70.29% and total cumulative return in cash sums $352,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,214/mo property income covering a $7,577/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07076, Scotch Plains, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,413 (100%) |
| Owner Occupied HU | 7,002 (74.4%) |
| Renter Occupied HU | 1,929 (20.5%) |
| Vacant Housing Units | 482 ( 5.1%) |
| Median Home Value | $747,684 |
| Average Home Value | $786,962 |
Residential
9,143
Single Family
8,866
Multi-Family
277
Businesses
599
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Gina Suriano • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3987562
